GM recalls more than 1M pickups, SUVs for power steering problem
GM said the power steering can fail momentarily during a voltage drop and suddenly return, mainly during low-speed turns. Such a failure increases the risk of a crash.
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Hurco shares jump after manufacturer reports record sales
Quarterly sales in Hurco’s European region rose to $44.1 million, a 31 percent jump over the same period of 2017.
U.S. factories continue to report solid growth
The Institute for Supply Management said U.S. factories grew at a faster pace in August as American industry continued to show robust health.
Calumet Specialty’s new CEO giving it second lease on life
Calumet shares now trade around $6.65, nearly double their October 2016 low but way down from October 2015, when they fetched around $27.
Trump orders doubling of steel, aluminum tariffs for Turkey
The clash between the NATO allies reverberated across global markets Friday as an economic crisis in Turkey threatened to spread. The S&P 500 Index erased its gain for the week.
These are boom times for Cummins, but will they last?
A BMO Capital Markets analyst forecasts the engine manufacturer iwill see 16.9 percent revenue growth this year and 5.8 percent growth in 2019 before seeing a 2.9 percent decline in 2020.
Cummins rakes in record revenue, exceeds Wall Street expectations
The Columbus-based engine manufacturer posted revenue of $6.13 billion in the second quarter, up 21 percent from the same period of 2017.
Allison Transmission beats forecasts with record quarterly revenue
The Indianapolis-based manufacturer of automatic transmissions saw sales growth in all of its market segments.
U.S. firms seeking tariff waivers accuse steel makers of false information
Companies seeking waivers fear the Commerce Department will be swayed by opposition from U.S. Steel, Nucor and other domestic steel suppliers.
After manufacturing for others, Foamcraft rolls out own mattress line
The prosperous family-run company is hoping for ieven greater success with its newer, direct-to-consumer line, including its latest product: custom-made mattresses.
Subaru seeing big demand for new super-sized SUV model
The Indiana-made sport-utility vehicle—which has 19 cupholders—has proven to be Subaru’s biggest product launch in more than two decades.
High-end tool maker expanding again in Lebanon, adding 65 jobs
Headquartered in Lebanon, Festool USA plans to add 80,000 square feet to its existing facility and has received tax incentives for the project from both the city and state.
U.S. factories register another month of faster-than-expected growth
U.S. factories are on a 22-month winning streak, according to the Institute for Supply Management’s manufacturing index.
Indiana-based steel firm to spend more than $230M on Mississippi plant
Steel Dynamics plans to upgrade its northeast Mississippi steel mill and add 45 jobs at the plant.
UPDATE: Cummins loses out on GE’s industrial-engine business
General Electric Co. has agreed to sell its industrial gas engine business to a private equity for $3.25 billion, passing over interest in the acquisition from Columbus-based Cummins Inc.
Rolls-Royce preparing to cut 4,600 jobs across the world
About 3,000 of the cuts will affect United Kingdom employees. The company has about 4,000 employees in Indianapolis.
LETTER: Fight against opioids boosts manufacturers
It is evident that the opioid epidemic is pushing a record number of Hoosiers to the sidelines of society and out of the workforce.
Indiana cabinet maker closes Alabama plant with 445 workers
Employees and officials criticized the abrupt closure, which came without prior public notice and was announced to employees at 10 a.m. Tuesday.
Cummins a finalist to make $3.5B acquisition from General Electric
GE is moving closer to a sale of its industrial gas-engine business for more than $3.5 billion after narrowing the list of bidders to a short list that includes Cummins, sources say.
2018 Innovation Issue: Is virtual reality already dead? Or just getting started?
Quietly—as consumers turned their attention elsewhere—virtual reality has been finding its place in business operations, particularly to make education and training more accessible and less expensive.